Fabege makes SEK 800 million property exchange

Fabege has sold Racketen 10, a property in Alvik, to Carnegie Fastigheter Sverige AB for SEK 700 million, resulting in a realised change in value before tax of SEK 60 million. Fabege will retain a small part of the property for its own project development.

Simultaneously, Fabege has acquired Planen 4 in Solna from Carnegie Fastigheter for SEK 100 million. Planen 4, a property with about 5,000 m2 of lettable space, is located in Råsunda. The property mainly comprises offices and is fully let.

The exchange will take place on 2 April.

"The deal with Carnegie Fastigheter is in line with our strategy of concentrating our holdings to units on our main markets that can be managed efficiently and of divesting properties outside these areas at a good profit”, Christian Hermelin, Fabege’s CEO, comments

Fabege AB (publ)

23 Feb 2007 8:30 AM

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